Investments and investor services
Risers & fallers: Access Intelligence, Iofina, Danl Stewart, Auhua Clean Energy, PowerFilm, Metminco
Investors took a gamble on Ladbrokes while Ashtead fell despite good results.
Company
LON:EOG
Europa Oil & Gas (Holdings) plc is an exploration and production company focused on developing its balanced portfolio of assets in the North Sea, Atlantic Ireland and West Africa, supported by revenue from onshore oil production in the UK.
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Investments and investor services
Investors took a gamble on Ladbrokes while Ashtead fell despite good results.
Investments and investor services
The FTSE 100 was 40 points lower to 6,670 in early deals this morning.
The ERC Equipoise report puts the net present value of Europa's 15% share of the licence in Ireland's Porcupine Basin at an unrisked US$1.6bn.
Hardware & electrical equipment
The FTSE 100 was lower at lunch to 6,681 as Greece remains in stalemate with its creditors.
A potentially massive prize offshore Ireland sets out Europa as a potential takeover target and, according to CEO Hugh Mackay, it could create the opportunity for a ‘Cove Energy style' reward.
Hugh Mackay says there's no smoke and mirrors in his company's 1.5bn barrel resource estimate. The massive 'blue-chip' CPR would stand up to scrutiny from whoever runs the numbers on Europa, he told Proactive Investors.